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We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … economy. We argue that the latter area has been overlooked in the policy discussion and that a coherent innovation policy …
Persistent link: https://www.econbiz.de/10010472522
Researchers increasingly recognize that entrepreneurial employees, intrapreneurs, play a critical role in innovation …
Persistent link: https://www.econbiz.de/10012309127
Many developing countries would like to increase the share of modern or formal sectors in their employment. One way to …, previous research on the issue has been limited by the paucity of long data sets for firm operations. We examine employment … from domestic ones. Employment growth is relatively high in foreign-owned establishments, although foreign firms own …
Persistent link: https://www.econbiz.de/10003954453
. The stated motive of the reform was to boost employment; in particular to provide incentives for individuals to go from … results are sensitive with respect to how we define employment, which is especially true when we analyze different subgroups …
Persistent link: https://www.econbiz.de/10009530969
, we estimate the causal effects of a firm's bilateral trade on employment and wages of immigrants from that country. We … find a positive, yet heterogeneous, effect of trade on immigrant employment but no effect on immigrant wages. …
Persistent link: https://www.econbiz.de/10012230078
employment, not less. These findings continue to hold after controlling for endogenous selection effects. US investments are also … accompanied by increases in local employment and start-up rates. The paper also examines effect on wages, sales, earnings, foreign …
Persistent link: https://www.econbiz.de/10012007066
In Sweden, as in many other countries, marginal groups tend to be overrepresented in non-standard employment. A … decomposition of the employment rate of full-time workers on permanent contracts reveals that non-standard employment contributes to … employment figures alone. Our econometric analysis shows that the negative wage premia associated with fixed-term employment are …
Persistent link: https://www.econbiz.de/10011824750
We present a study of immigrant self-employment in Sweden using the recent matched employer-employee data from 2014. We … find large variations in self-employment rates among immigrant groups as well as between immigrants with different points … for their time immigration to Sweden. High self-employment rates are found for male immigrants from the Middle East …
Persistent link: https://www.econbiz.de/10011911143
The effect of minimum wages on employment is a matter of debate, and the existing empirical literature contains mixed … these changes in minimum wages affect employment, considering the effect both on employment within plants and on exit of … plants. Our results show no evidence of an effect of minimum wages on employment in Indonesian plants. One explanation found …
Persistent link: https://www.econbiz.de/10012199996